Teja Engineering Industries Secures Two Significant O&M Contracts from ONGC
Teja Engineering Industries Limited has secured two new Operation and Maintenance (O&M) contracts with Oil and Natural Gas Corporation Limited (ONGC), marking a growing engagement between the company and the state-owned energy corporation. The contracts span different assets and provide services across diverse operational scopes, totaling approximately ₹18.2 crore.The acquisitions include an O&M contract for LP Gas Compression Facilities at Mandapeta and Tatipaka Installations, Rajahmundry Asset, as well as an O&M services agreement for GCP-I, GCP-IV and GCS Motwan under the Ankleshwar Asset.
Details regarding both contracts are summarized below:
| Contract Scope | Client | Contract Duration | Value (Incl. Taxes) | Receipt Date |
|---|---|---|---|---|
| LP Gas Compression Facilities, Rajahmundry Asset | ONGC | 3 years | ₹15.37 crore | 28-11-2025 |
| O&M Services at GCP-I, GCP-IV and GCS Motwan, Ankleshwar Asset | ONGC | 6 months | ₹2.82 crore | 17/03/2026 |
The Rajahmundry asset contract was awarded through the Government e-Marketplace (GeM). This three year O&M contract for the LP Gas Compression Facilities at Mandapeta and Tatipaka Installations, Rajahmundry Asset, valued at ₹15.37 crore, was received on 28-11-2025. The company reported that this order was received prior to its listing, resulting in a delayed disclosure upon becoming subject to SEBI LODR Regulations.
In addition, Teja Engineering Industries secured a Letter of Award from ONGC for O&M services at GCP-I, GCP-IV and GCS Motwan, Ankleshwar Asset. This six month contract is valued at ₹2.82 crore and was received on 17/03/2026.
The company noted that neither the Rajahmundry nor the Ankleshwar contracts involve related party transactions with ONGC.
TEJA Stock Price Movement
Teja Engineering Industries Limited surges to ₹586.95 as of 11:04 AM, propelling the equity to its 52-week high and gaining 1.20%. The stock maintains this momentum, trading up ₹6.95 on a volume of 3,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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